================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. 6)
PANAMSAT CORPORATION
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE 697933-10-9
-------------------------------------- --------------------------------------
(Title of class of securities) (CUSIP number)
LARRY D. HUNTER, ESQ.
CHIEF LEGAL OFFICER
HUGHES COMMUNICATIONS, INC.
200 N. SEPULVEDA BLVD.
EL SEGUNDO, CALIFORNIA 90245
(310) 364-6000
--------------------------------------------------------------------------------
(Name, address and telephone number of person authorized
to receive notices and communications)
WITH A COPY TO:
FREDERICK S. GREEN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153-0119
(212) 310-8000
APRIL 9, 2003
--------------------------------------------------------------------------------
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_].
(Continued on the following pages)
(Page 1 of 14 Pages)
================================================================================
1
----------------------------------------------------------------- --------------------------------------------------
CUSIP No. 697333-10-9 13D Page 2
----------------------------------------------------------------- --------------------------------------------------
-------------- ----------------------------------------------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON: General Motors Corporation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 38-0572515
-------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
-------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
-------------- ---------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
-------------- ---------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [_]
ITEM 2(d) OR 2(e):
-------------- ---------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
---------- ------- -----------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 120,812,175
SHARES
------- ------------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- ------------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 120,812,175
REPORTING
------- ------------------------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
-------------- ---------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 120,812,175
-------------- ---------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
-------------- ---------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 80.5%
-------------- ---------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
-------------- ---------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
2
----------------------------------------------------------------- --------------------------------------------------
CUSIP No. 697333-10-9 13D Page 3
----------------------------------------------------------------- --------------------------------------------------
--------------- --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Hughes Communications, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 95-3884435
--------------- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
--------------- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------- ---------------------------- ---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
--------------- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
--------------- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: California
--------------------------- ------ -------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 14,477,240
SHARES
------ -------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------ -------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 14,477,240
REPORTING
------ -------------------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
----------------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 14,477,240
----------------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
----------------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.6%
----------------- -------------------------------------------------------------- ---------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
----------------- ------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
3
----------------------------------------------------------------- --------------------------------------------------
CUSIP No. 697333-10-9 13D Page 4
----------------------------------------------------------------- --------------------------------------------------
--------------- --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Hughes Communications Galaxy, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 95-3456497
--------------- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
--------------- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
--------------- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
--------------- ---------------------------------------------------------------- ---------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: California
--------------------------- ------ -------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 88,605,390
SHARES
------ -------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------ -------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 88,605,390
REPORTING
------ -------------------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
----------------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 88,605,390
----------------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
----------------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 59.1%
----------------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
----------------- ------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
4
----------------------------------------------------------------- --------------------------------------------------
CUSIP No. 697333-10-9 13D Page 5
----------------------------------------------------------------- --------------------------------------------------
--------------- --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Hughes Communications Satellite Services, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 95-3881942
--------------- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
--------------- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
--------------- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
--------------- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: California
--------------------------- ------ -------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 17,729,545
SHARES
------ -------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------ -------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 17,729,545
REPORTING
------ -------------------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
----------------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 17,729,545
----------------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
----------------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 11.8%
----------------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
----------------- ------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
5
This Amendment No. 6 amends the Schedule 13D dated May 27, 1997, as
amended in certain respects by Amendments Nos. 1 through 5 thereto, and is filed
by General Motors Corporation ("GM"), Hughes Communications, Inc. ("HCI"),
Hughes Communications Galaxy, Inc. ("HCG") and Hughes Communications Satellite
Services, Inc. ("HCSS", and, collectively with GM, HCI and HCG, the "Reporting
Persons") with respect to the shares of common stock, par value $.01 per share
("Common Stock"), of PanAmSat Corporation (the "Company").
The responses to Item 2 (Identity and Background), Item 4 (Purpose of
Transaction), Item 5 (Interest in Securities of the Issuer), Item 6 (Contracts,
Arrangements, Understandings or Relationships with respect to Securities of the
Issuer) and Item 7 (Material to be filed as Exhibits) are hereby amended as
follows:
Item 2: Identity and Background.
------------------------
This statement is being filed jointly by GM, HCI, HCG and HCSS. Each
of HCI, HCG and HCSS is a California corporation. The address of each of HCI's,
HCG's and HCSS' principal office is 200 N. Sepulveda Blvd., El Segundo,
California 90245. The names, business addresses, principal businesses and
citizenship of each of the directors and executive officers of each of HCI, HCG
and HCSS are set forth on Schedule I hereto and incorporated by reference
herein. The principal businesses of HCI, HCG and HCSS are to act as holding
companies.
HCG and HCSS are wholly-owned subsidiaries of HCI. HCI is a
wholly-owned subsidiary of Hughes Telecommunications & Space Company ("HTS");
and HTS is a wholly-owned subsidiary of Hughes Electronics Corporation
("Hughes"). Hughes is a wholly-owned subsidiary of GM.
During the last five years, none of the Reporting Persons nor, to the
best of their knowledge, any of the executive officers or directors of any of
the Reporting Persons, has been (i) convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and, as a result of such proceeding, was or is subject to a judgment, decree or
final order enjoining such future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
Item 4. Purpose of Transaction.
----------------------
GM, Hughes and The News Corporation Limited have entered into a Stock
Purchase Agreement, dated as of April 9, 2003 (the "Stock Purchase Agreement").
In connection with the Stock Purchase Agreement, Hughes and GM have entered into
a Separation Agreement, dated as of April 9, 2003 (the "Separation Agreement"),
which provides for the split-off of Hughes from GM. Simultaneously with the
closing under the Stock Purchase Agreement and if the conditions contained in
the Stock Purchase Agreement are satisfied or waived (these conditions include,
among other things, obtaining U.S. antitrust and Federal Communications
Commission approvals, obtaining appropriate approvals of GM's stockholders and
obtaining a favorable ruling as to certain tax matters from the Internal Revenue
Service), Hughes will be split off from GM. After the split-off, Hughes will no
6
longer be a subsidiary of GM and, as a result, GM will no longer be deemed to be
the beneficial owner of any shares of Common Stock of the Company.
As previously disclosed on Schedule 13D, (i) on May 16, 1997, HCI
received 106,622,807 shares of Common Stock in exchange for HCI and certain of
its subsidiaries contributing the assets and liabilities comprising
substantially all of HCI's satellite services business to the Company and (ii)
on April 30, 1998 and May 1, 1998, HCI purchased an aggregate of 14,189,368
additional shares of Common Stock. On October 30, 2001, HCI transferred
17,729,545 shares of Common Stock to HCSS, 88,605,390 shares of Common Stock to
HCG and retained 14,477,240 shares of Common Stock.
Except as discussed above, none of the Reporting Persons has any
present plan or proposal which relates to, or could result in, any of the events
referred to in paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D.
Item 5: Interest in Securities of the Issuer.
------------------------------------
(a) The responses of the Reporting Persons to Rows (11) through (13)
of the cover pages of this Amendment No. 6 are incorporated herein by reference.
As of March 31, 2003, the Reporting Persons beneficially owned the number of
shares of Common Stock listed below, representing approximately the percentage
of the outstanding shares of Common Stock set forth opposite such number (based
on 150,028,729 shares of Common Stock outstanding as of March 31, 2003).
---------------------------------------------- -------------------------------------------- ----------------------------------------
Person Number of Shares Percent of Class
------ ---------------- ----------------
---------------------------------------------- -------------------------------------------- ----------------------------------------
General Motors Corporation 120,812,175 80.5%
---------------------------------------------- -------------------------------------------- ----------------------------------------
Hughes Communications, Inc. 14,477,240 9.6%
---------------------------------------------- -------------------------------------------- ----------------------------------------
Hughes Communications Galaxy, Inc. 88,605,390 59.1%
---------------------------------------------- -------------------------------------------- ----------------------------------------
Hughes Communications 17,729,545 11.8%
Satellite Services, Inc.
---------------------------------------------- -------------------------------------------- ----------------------------------------
(b) The responses of the Reporting Persons to (i) Rows (7) through
(10) of the cover pages of this Amendment No. 6 and (ii) Item 5(a) hereof are
incorporated herein by reference. GM, acting through Hughes and HTS, indirectly
has sole power to vote or direct the vote, and to dispose or to direct the
disposition of the shares of Common Stock. As a result, GM may be deemed to
beneficially own the shares of Common Stock directly owned by HCI, HCG and HCSS.
7
(c) Not Applicable.
(d) Except as stated in this Item 5, to the best of the knowledge of
the Reporting Persons, no other person has the right to receive dividends from,
or the proceeds from the sale of, the shares of Common Stock owned by the
Reporting Persons.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
---------------------------------------------------------------------
to Securities of the Issuer.
----------------------------
The information set forth in Item 4 hereto is incorporated herein by
reference.
Item 7. Material to be Filed as Exhibits.
--------------------------------
Exhibit 1 Joint Filing Agreement, dated as of April 23, 2003, by and among
General Motors Corporation, Hughes Communications, Inc., Hughes
Communications Galaxy, Inc., and Hughes Communications Satellite
Services, Inc.
Exhibit 2 Stock Purchase Agreement, dated as of April 9, 2003, by and among
The News Corporation Limited, Hughes Electronics Corporation and
General Motors Corporation (incorporated by reference to Exhibit
99.2 to Hughes' Current Report on Form 8-K, filed April 14, 2003)
Exhibit 3 Separation Agreement, dated as of April 9, 2003, by and between
General Motors Corporation and Hughes Electronics Corporation
(incorporated by reference to Exhibit 99.4 to Hughes' Current
Report on Form 8-K, filed April 14, 2003)
8
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL MOTORS CORPORATION
By: /s/ Warren G. Andersen
--------------------------------------------------
Name: Warren G. Andersen
Title: Assistant General Counsel
and Assistant Secretary
HUGHES COMMUNICATIONS, INC.
By: /s/ Patrick T. Doyle
--------------------------------------------------
Name: Patrick T. Doyle
Title: Senior Vice President and
Chief Financial Officer
HUGHES COMMUNICATIONS GALAXY, INC.
By: /s/ Patrick T. Doyle
---------------------------------------------------
Name: Patrick T. Doyle
Title: Senior Vice President and
Chief Financial Officer
HUGHES COMMUNICATIONS SATELLITE SERVICES, INC.
By: /s/ Patrick T. Doyle
---------------------------------------------------
Name: Patrick T. Doyle
Title: Senior Vice President and
Chief Financial Officer
Date: April 23, 2003
9
EXHIBIT INDEX
-------------
Exhibit 1 Joint Filing Agreement, dated as of April 23, 2003, by and among
General Motors Corporation, Hughes Communications, Inc., Hughes
Communications Galaxy, Inc., and Hughes Communications Satellite
Services, Inc.
Exhibit 2 Stock Purchase Agreement, dated as of April 9, 2003, by and among
The News Corporation Limited, Hughes Electronics Corporation and
General Motors Corporation (incorporated by reference to Exhibit
99.2 to Hughes' Current Report on Form 8-K, filed April 14, 2003)
Exhibit 3 Separation Agreement, dated as of April 9, 2003, by and between
General Motors Corporation and Hughes Electronics Corporation
(incorporated by reference to Exhibit 99.4 to Hughes' Current
Report on Form 8-K, filed April 14, 2003)
10
SCHEDULE I
----------
DIRECTORS AND EXECUTIVE OFFICERS OF HCG, HCSS AND HCI
The name, business address, present principal occupation or employment, and the
name, principal business and address of any corporation or other organization in
which such employment is conducted, of each of the directors and executive
officers of HCG, HCSS and HCI are set forth below. Unless otherwise specified,
the business address of each person listed below is c/o Hughes, 200 N. Sepulveda
Blvd., El Segundo, CA 90245. All executive officers and directors are citizens
of the United States.
HUGHES COMMUNICATIONS GALAXY, INC.
DIRECTORS
Name Position at HCG Principal Occupation
---- --------------- --------------------
Michael J. Gaines Director Corporate Senior Vice President and Chief
Financial Officer - Hughes
OFFICERS
Name Position at HCG Principal Occupation
---- --------------- --------------------
Michael J. Gaines President Corporate Senior Vice President and Chief
Financial Officer - Hughes
Patrick T. Doyle Senior Vice President and Chief Financial Corporate Vice President, Treasurer and
Officer Controller, Hughes
Keith U. Landenberger Vice President, General Counsel and Vice President and Assistant General
Assistant Corporate Secretary Counsel, Hughes
Janet L. Williamson Corporate Secretary Corporate Secretary - Hughes
11
HUGHES COMMUNICATIONS SATELLITE SERVICES, INC.
DIRECTORS
Name Position at HCSS Principal Occupation
---- ---------------- --------------------
Michael J. Gaines Director Corporate Senior Vice President and Chief
Financial Officer - Hughes
OFFICERS
Name Position at HCSS Principal Occupation
---- ---------------- --------------------
Michael J. Gaines President Corporate Senior Vice President and Chief
Financial Officer - Hughes
Patrick T. Doyle Senior Vice President and Chief Financial Corporate Vice President, Treasurer and
Officer Controller, Hughes
Keith U. Landenberger Vice President, General Counsel and Vice President and Assistant General
Assistant Corporate Secretary Counsel, Hughes
Janet L. Williamson Corporate Secretary Corporate Secretary - Hughes
HUGHES COMMUNICATIONS, INC.
DIRECTORS
Name Position at HCI Principal Occupation
---- --------------- --------------------
Michael J. Gaines Director Corporate Senior Vice President and Chief
Financial Officer - Hughes
12
OFFICERS
Name Position at HCI Principal Occupation
---- --------------- --------------------
Michael J. Gaines President Corporate Senior Vice President and Chief
Financial Officer - Hughes
Patrick T. Doyle Senior Vice President and Chief Financial Corporate Vice President, Treasurer and
Officer Controller - Hughes
Keith U. Landenberger Vice President, General Counsel and Vice President and Assistant General
Assistant Corporate Secretary Counsel - Hughes
Janet L. Williamson Corporate Secretary Corporate Secretary - Hughes
13